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20121205
20121213
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closer to the edge of the fiscal cliff, every move is being magnified by the markets. president obama and house speaker john boehner spoke by phone on tuesday, exchanging new proposals. the president gave boehner a revised offer on monday, reducing his demand for new tax revenue from $1.6 trillion to $1.4 trillion over ten years. boehner responded with a plan that largely sticks to his original offer a week ago. reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. that hasn't been done before. in an exclusive interview with barbara walters of abc news, president obama says he still expects a deal before the end of the year. >> i remain optimistic that there are enough people of goodwill in this town that recognize our economy will be much better off. american families will be much better off if we get this done. the most important thing we can do is make sure that middle-class taxes do not go up on january 1. and i'm pretty confident that republicans would not hold middle-class taxes hostage to try to protect tax cuts for
's just start out by rolling back the budget to where it was before barack obama took office. i mean we've had a 20% increase in federal spending, when now all of a sudden apparently gdp growth of 1.5% to 2% seems to be the new norm. again, that math doesn't work. it doesn't work. we can get rid of -- we can get rid of ballout funds. >> not for the 2%. but we're going to get a trillion each year. why would you vote for that. >> but the deficit is the symptom. it is spending that is the disease. you can't have -- again, the deficit -- >> you could have stopped it then. >> the deficit is -- the deficit is not the true problem. the true problem is spending. that's where the true problem is. and already the president is taking us from our historic norm of about 20% of gdp up to 24% and on the way to 40% over the course of the next generation. and that's why -- >> -- social security up right now. two years from now. wouldn't it be the answer? >> we don't have to do it that way, jim. in practice, as you well know, you don't have to cut one penny of federal spending. what you have to do is ben
Search Results 0 to 1 of about 2